Dec. 2, 2014, 11:18 AM
- Nissan (OTCPK:NSANY) unit sales -3.1% to 103,188 vs. -5.0 forecast.
- Sales growth by brand: Nissan -1.7% to 91,790; Infiniti -13.3% to 11,938.
- Sales growth by model: Pathfinder -8.4% to 6,231; Sentra +16.0% to 13,530; Altima -7.2% to 22,834; Murano -32.9% to 3,840; Infiniti Q50 -28.4% to 4,216.
- Truck sales were up 5% to 42,363 for the automaker.
Nov. 24, 2014, 3:19 PM
- Edmunds.com projects U.S. auto sales will rise 1.6% to 1.261M units in November.
- Projected sales volume growth by automaker: General Motors (NYSE:GM) +0.6% to 213.42K, Ford (NYSE:F) -1.4% to 186.98K, Toyota (NYSE:TM) +1.6% to 180.88K, Chrysler Automobiles Group (NYSE:FCAU) +14.9% to 163.49K, Honda (NYSE:HMC) +1.1% to 117.76K, Nissan (OTCPK:NSANY) -8.5% to 97.46K, Hyundai (OTC:HYMLF) -6.6% to 94.77K, Volkswagen (OTCQX:VLKAY) +4.2% to 46.24K.
Nov. 18, 2014, 6:19 PM
- The National Highway Traffic Safety Administration is seeking the recall of "millions of vehicles" containing Takata (OTCPK:TKTDY) airbags, and the DoT agency will "use the full extent of its statutory powers" to force action if Takata and auto manufacturers fail to "quickly agree" to a recall.
- Cars had been recalled only in areas along the Gulf coast with high humidity, but the NHTSA says it is basing the decision on a recent incident that happened outside of those areas.
- NHTSA also orders Takata and all 10 auto companies that use Takata's air bag inflators - BMW (OTCPK:BAMXY, OTCPK:BAMXF), Chrysler (NYSE:FCAU), Ford (NYSE:F), GM, Honda (NYSE:HMC), Mazda (OTCPK:MZDAY), Mitsubishi (OTCPK:MMTOF), Nissan (OTCPK:NSANY, OTCPK:NSANF), Subaru (OTCPK:FUJHY), and Toyota (NYSE:TM) - to provide detailed reports about ongoing testing of the products outside of the high-humidity regions that already had recalls in place.
Nov. 18, 2014, 7:51 AM| Comment!
Nov. 12, 2014, 10:06 AM
- The landmark emissions deal struck between the U.S. and China has implications for the automobile industry even if it is largely symbolic, according to analysts.
- There's some speculation that bickering between the nations over spying and other free trade issues won't reel in China-Western auto joint ventures and impact government EV subsidies as the nation stays focused on pollution control.
- Automaker stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTCPK:PEUGF, TTM, TSLA.
Nov. 12, 2014, 6:54 AM| Comment!
Nov. 11, 2014, 2:28 PM
- Domestic automobile sales in India fell 2.6% in October, according to the Society of Indian Automotive Manufacturers.
- A pulling back of government subsidies for diesel models impacted sellers in the category.
- Sales of trucks and buses also fell during the month.
- Related stocks: OTCPK:SZKMF, HMC, TTM, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:NSANY.
Nov. 6, 2014, 7:01 AM| Comment!
Nov. 3, 2014, 7:17 AM
- Nissan (OTCPK:NSANY) unit sales +13.3% to 103,117.
- Sales growth by brand: Nissan +14.9% to 94,072; Infiniti -1.2% to 9,045.
- Sales growth by model: Versa +28.6% to 11,097; Sentra +56.3% to 13,129; Altima +8.1% to 23,544.
- The automaker notes the electric Leaf set a sales record in the U.S. with its YTD tally of 24,411.
Oct. 31, 2014, 1:34 PM| Comment!
Oct. 30, 2014, 9:09 AM
- How bad is the smog in Beijing?
- The China Fashion Week show in the nation's capital included the introduction of new lines of face masks from well-known designers.
- Twice this month smog in Beijing has soared past the 400 level on a pollution index which marks 300 as a hazardous level.
- The worsening smog situation in China has led many cities to take new measures to support the electric vehicle industry.
- Related stocks: F, GM, OTCQX:VLKAY, TSLA, TM, HMC, OTCPK:NSANY.
Oct. 27, 2014, 10:43 AM
- Kelley Blue Book forecasts new-vehicle sales in the U.S. will increase 5.4% Y/Y to 1.27M units in October.
- The research firm warns that the ratio of incentive spending to ATP (average transaction price) is at the highest level in the industry since 2010.
- The compact SUV/crossover segment is expected to see the strongest growth rate during the month at 13.6%.
- KBB sales forecast by manufacturer: General Motors (NYSE:GM) +4.2% to 236K; Toyota (NYSE:TM) +5.9% to 179K; Ford (NYSE:F) -3.3% to 185K; Chrysler Automotive Group (NYSE:FCAU) +19.2% to 167K; Honda (NYSE:HMC) +4.8% to 114.5K; Nissan (OTCPK:NSANY) +12.1% to 102K; Hyundai (OTC:HYMLF) +6.1% to 99K; Volkswagen (OTCQX:VLKAY) +2.9% to 46K.
Oct. 25, 2014, 9:27 PM
- The Transportation Department will conduct an internal review of the National Highway Traffic Safety Administration in response to a series of recent safety failures, including this week's 7.8M vehicle recall, Reuters reports.
- The House of Representatives' Energy and Commerce Committee is to hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers - Toyota (NYSE:TM), Honda (NYSE:HMC), Mazda (OTCPK:MZDAY), BMW (OTCPK:BAMXY), Nissan (OTCPK:NSANY), Mitsubishi (OTC:MMTOY), Subaru (OTCPK:FUJHY), Chrysler (NYSE:FCAU), Ford (NYSE:F) and General Motors (NYSE:GM).
- It was reported on Friday that the Obama administration will likely nominate a permanent chief of the NHTSA within two weeks.
Oct. 23, 2014, 6:37 AM| Comment!
Oct. 22, 2014, 2:35 AM
- The NHTSA has expanded its warning about faulty airbags made by Takata (OTCPK:TKTDY) to 6.1M U.S. vehicles.
- "The National Highway Traffic Safety Administration urges owners of certain Toyota (NYSE:TM), Honda (NYSE:HMC), Mazda (OTCPK:MZDAY), BMW (OTCPK:BAMXY), Nissan (OTCPK:NSANY), Mitsubishi (OTC:MMTOY), Subaru (OTCPK:FUJHY), Chrysler (NYSE:FCAU), Ford (NYSE:F) and General Motors (NYSE:GM) vehicles to act immediately on recall notices to replace defective Takata airbags," it said in a statement.
- The previous warning, issued on Monday, covered 4.7M vehicles.
- Update: Recall has been expanded to 7.8M vehicles.
Oct. 20, 2014, 2:44 PM
- The NHTSA issued a broad warning on airbags issued by Takata Corp. - covering as many as 4.7M vehicles.
- Concerns over Takata airbags have already led to recalls at Subaru (OTCPK:FUJHY), GM, BMW (OTCPK:BAMXY), Nissan (OTCPK:NSANY), Honda (NYSE:HMC), Mazda (OTCPK:MZDAY), and Toyota (NYSE:TM).
- The government agency says the issue is especially urgent to drivers in regions of high humidity.
- Complete list of models included in NHTSA warning
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